AZEK Company Inc (NYSE: AZEK) is 23.79% higher on its value in year-to-date trading and has touched a low of $21.34 and a high of $48.72 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AZEK stock was last observed hovering at around $47.93 in the last trading session, with the day’s loss setting it -0.58%.
Currently trading at $47.35, the stock is 7.91% and 18.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing -1.21% at the moment leaves the stock 47.04% off its SMA200. AZEK registered 95.90% gain for a year compared to 6-month gain of 47.55%. The firm has a 50-day simple moving average (SMA 50) of $5.18 and a 200-day simple moving average (SMA200) of $21.21.
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The stock witnessed a 21.44% loss in the last 1 month and extending the period to 3 months gives it a 48.99%, and is 4.59% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.11% over the week and 2.89% over the month.
AZEK Company Inc (AZEK) has around 2236 employees, a market worth around $6.91B and $1.39B in sales. Current P/E ratio is 59.60 and Fwd P/E is 35.86. Profit margin for the company is 8.57%. Distance from 52-week low is 121.88% and -2.81% from its 52-week high. The company has generated returns on investments over the last 12 months (5.89%).
AZEK Company Inc quarterly earnings per share for the current quarter are estimated at $0.38 with sales reaching $411.13M over the same period.The EPS is expected to grow by 56.28% this year, but quarterly earnings will post 3.60% year-over-year.
440 institutions hold shares in AZEK Company Inc (AZEK), with institutional investors hold 104.72% of the company’s shares. The shares outstanding are 147.70M, and float is at 142.92M with Short Float at 2.82%. Institutions hold 102.83% of the Float.
The top institutional shareholder in the company is Wellington Management Group, LLP with over 13.57 million shares valued at $411.15 million. The investor’s holdings represent 9.09% of the AZEK Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital Research Global Investors with 12.61 million shares valued at $381.86 million to account for 8.44% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 12.13 million shares representing 8.12% and valued at over $367.44 million, while Massachusetts Financial Services Co. holds 4.76% of the shares totaling 7.11 million with a market value of $215.5 million.
AZEK Company Inc (AZEK) Insider Activity
A total of 23 insider transactions have happened at AZEK Company Inc (AZEK) in the last six months, with sales accounting for 15 and purchases happening 8 times. The most recent transaction is an insider sale by Singh Jesse G, the company’s CEO and President. SEC filings show that Singh Jesse G sold 25,000 shares of the company’s common stock on Feb 27 at a price of $48.03 per share for a total of $1.2 million. Following the sale, the insider now owns 12207.0 shares.
AZEK Company Inc disclosed in a document filed with the SEC on Feb 23 that Skelly Jonathan (Pres. Res. & Comm.) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Feb 23 and was made at $46.78 per share for $0.47 million. Following the transaction, the insider now directly holds 0.18 million shares of the AZEK stock.
Still, SEC filings show that on Feb 13, Singh Jesse G (CEO and President) disposed off 40,000 shares at an average price of $44.50 for $1.78 million. The insider now directly holds 37,207 shares of AZEK Company Inc (AZEK).
AZEK Company Inc (AZEK): Who are the competitors?
One of the company’s main competitors (and peers) include Trex Co. Inc. (TREX) that is trading 83.53% up over the past 12 months.Fortune Brands Innovations Inc. (FBIN) lies in the list of competitors of the AZEK Company Inc and is 33.28% higher over the same period from AZEKBuilders FirstSource Inc. (BLDR) is 125.36% up on the 1-year trading charts.
